Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A Midwestern ETF Shop Retakes First Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, October 15, 2019

A Midwestern ETF Shop Retakes First

Reported by Neil Anderson, Managing Editor

A midwestern ETF shop regained the lead last month among mid-size fund firms.

James A. Bowen
First Trust Advisors L.P.
CEO
This article draws from Morningstar Direct data on September 2019 open-end mutual fund and ETF flows, excluding money-market funds and funds of funds. More specifically, this article focuses on the 75 firms with between $10 billion and $100 billion each in fund AUM. 30 of those firms gained net inflows in September, up from 27 in August.

First Trust took the lead last month among mid-size fund firms, with estimated net September inflows of $1.592 billion, up from $290 million in August. Other big September winners included: Baird, $1.048 billion (up from $498 million); VanEck, $698 million (up from $591 million in net outflows); DoubleLine, $690 million (up from $253 million); and DWS, $604 million (up from $1.116 billion in net outflows).

First Trust also took the mid-size pack lead proportionately, with estimated net September inflows equivalent to 2.12 percent of its AUM, up from 0.4 percent in August. Other big September winners included: VanEck, 1.67 percent (up from 1.38 percent in net outflows); Baird, 1.67 percent (up from 0.8 percent); ProShares and ProFunds, 1.52 percent (up from 0.08 percent); and Cohen & Steers, 1.31 percent (up from 0.64 percent).

Year-to-date as of September 30, Baird leads the mid-size pack with $11.292 billion in net inflows. Other big winners in the first three quarters of 2019 included: First Trust, $8.992 billion; DoubleLine, $8.976 billion; Morgan Stanley, $8.437 billion; and AllianceBernstein, $4.216 billion.

On the flip side, September was another rough month for Harris' Oakmark, which suffered an estimated $1.254 billion in net outflows, again more than any other mid-size fund firm but down from $1.478 billion in August. Other big September sufferers included: UBS, $834 million (down from $333 million in net inflows); Wells Fargo, $665 million (down from $11 million in net inflows); Virtus, $649 million (up from $24 million); and Waddell & Reed's Ivy, $632 million (down from $911 million).

Proportionately, UBS led the mid-size outflows pack last month, suffering estimated net September outflows equivalent to 4.91 percent of its AUM, down from 1.9 percent in net August inflows. Other big September sufferers included: Credit Suisse, 3.42 percent (up from 2.39 percent); AIG, 2.31 percent (down from 2.96 percent); AMG, 2.2 percent (up from 1.22 percent); and Glenmede, 1.96 percent (down from 2.4 percent).

Oakmark also leads the mid-size outflows pack YTD, with estimated net outflows of $9.632 billion for the first nine months of 2019. Other big YTD sufferers included: Ivy, $5.847 billion; Harbor, $5.087 billion; AQR, $4.444 billion; and AMG, $4.392 billion.

As a group, the 75 mid-size fund firms suffered an estimated $3.299 billion in combined net September outflows, equivalent to about 0.13 percent of their combined AUM. That's down from $11.522 billion in net August outflows.

Across the whole industry (M* tracks flows from 767 firms), long-term mutual funds and ETFs brought in $39.916 billion in net inflows in September, equivalent to 0.21 percent of industry AUM. That's up from $15.927 billion in net August outflows. Passive funds brought in $52.576 billion in net September inflows, while active funds suffered $12.66 billion in net outflows.

YTD, mid-size fund firms have suffered an estimated $32.892 billion in net outflows as of the end of September, equivalent to about 1.25 percent of their combined AUM. The overall industry has brought in $264.483 billion in net inflows YTD, equivalent to 1.36 percent of industry AUM. 

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2022: Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly


  1. 2022 ICI Leadership Summit, May 25-26
  2. ALFI Roadshow to New York, May 25
  3. 2022 IDC Fund Directors Workshop, May 26
  4. Irish Funds Annual Global Funds Conference 2022, May 30-31
  5. WealthManagement Edge, May 31 - June 3
  6. MFDF 2022 Fund Governance and Regulatory Insights Conference, Jun 8-9
  7. 28th annual Expect Miracles East Coast Classic, June 9
  8. 2022 Sohn Investment Conference, June 9
  9. IDC webinar - Cybersecurity for Fund Boards: The Current Landscape, June 9
  10. MMI webinar - Driving Business Value with Artificial Intelligence & Data, June 15
  11. MFDF webinar - Key Takeaways From Morningstar's 2021 Annual Fund Fee Study, June 16
  12. MFDF Director Discussion Series - Open Forum (Chicago), June 21
  13. 2022 MMI Emerging Asset Managers Forum, June 23
  14. MFDF In Focus: Capitol Hill, A Conversation with Congressman Bryan Steil, June 28
  15. Financial Planning INVEST, Jun 28-29
  16. MFDF webinar - Differentiating Mutual-Fund-to-ETF Conversions, July 19
  17. MFDF Director Discussion Series - Open Forum (New York), July 20
  18. 2022 MMI Distribution Leadership Forum, Jul 20-21
  19. MFDF webinar - Fund Boards' Oversight of Investment Performance, July 28
  20. MFDF webinar - Performance, Perception and Manager Selection, September 14
  21. 2022 ICI Tax and Accounting Conference, Sep 18-21
  22. 5th annual Expect Miracles Atlantic Coast Classic, October 3
  23. Nicsa Fearless Leadership Symposium, Oct 6-7
  24. 2022 MMI Annual Conference, Oct 19-21
  25. 2022 IDC Fund Directors Conference, Oct 24-26
  26. 18th annual Expect Miracles Wine & Spirits Event, October 27




©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use